Mobile content bust in China?

This is an article on greater transparency in China allowing investors to pick between good and bad Chinese stocks. What’s interesting is the example given of a “bad” stock is a mobile content provider. Considering China is one of the fastest growing mobile phone markets and is a strong contender for being the largest market in a few short years, it wouldn’t be unreasonable to expect a mobile content provider to do well.
“Investors who piled into short-messaging service [SMS] provider Linktone Ltd when it floated its stock back in March are singing the blues. The company is trading 43% below its listing price of $14. Linktone is one of many companies, including NASDAQ-listed NetEase.com Inc and Sohu.com Inc that have been hurt by a recent crackdown by Beijing on SMS content.”

Comments have been disabled for this post